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3 years ago

LO 8.4What causes the variable overhead efficiency variance?

Business

1 answer:

Alex_Xolod [135]3 years ago

4 0

Answer:

The generally varies according to variation in production levels.

Explanation:

First, we will determine the overhead efficiency variance:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard Rate

The change that makes a variation in variable overhead is the actual quantity. The actual quantity is based on the allocation base, it can be direct labor hours, direct machine hours, direct labor dollars, etc.

The generally varies according to variation in production levels.

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Making a pivot has saved organizations from completely deteriorating. Research an organization of your choice that has made an i

Mumz [18]

Answer:

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3 years ago

As an elected official, you have been informed that real GDP is below its potential and that action should be taken to encourage

OverLord2011 [107]

Answer: a. Multiplier = 3.33

b. Stimulation = $2000 billion

Explanation:

In this particular case , it's given:

Marginal propensity to consume(MPC) = 0.7

Government spending = $600 billion

Therefore, we can evaluate the multiplier using the following formula:

$Multiplier\ = \frac{1}{(1-MPC)}$

$Multiplier\ = \frac{1}{1-0.7}$

Multiplier = 3.33

Noe, in order to find the stimulation in the economy we will multiple the new government spending with the multiplier. We will get ;

$Stimulation\ = Government\ spending\times Multiplier$

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Stimulation = $2000 billion

5 0

3 years ago

A. Finance, or financial management, requires the knowledge and precise use of the language of the field.

Sergio [31]

Answer:

1. Amortization Schedule.

2. Amortized loan.

3. Annual Percentage rate.

4. Discounting.

5. Future Value.

6. Opportunity cost of funds.

7. Time value of money.

8. Annuity due.

9. Perpetuity.

10. Ordinary annuity.

11. PMT/r.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

Some of the financial terminologies used in financial accounting are;

1. Amortization Schedule: A schedule or table that reports the amount of principal and the amount of interest that make up each payment made to repay a loan by the end of its regular term.

2. Amortized loan: A loan in which the payments include interest as well as loan principal.

3. Annual Percentage rate: A value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a 12-month period.

4. Discounting: A process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.

5. Future Value: The name given to the amount to which a cash flow, or a series of cash flows, will grow over a given period of time when compounded at a given rate of interest.

6. Opportunity cost of funds: A 6% return that you could have earned if you had made a particular investment.

7. Time value of money: A concept that maintains that the owner of a cash flow will value it differently, depending on when it occurs.

8. Annuity due: A series of equal cash flows that occur at the beginning of each of the equally spaced intervals (such as daily, monthly, quarterly, and so on).

9. Perpetuity: A cash flow stream that is generated by a share of preferred stock that is expected to pay dividends every quarter indefinitely.

10. Ordinary annuity: A series of equal cash flows that occur at the end of each of the equally spaced intervals (such as daily, monthly, quarterly, and so on).

11. Time value of money calculations can be solved using a mathematical equation, a financial calculator, or a spreadsheet. The equation which can be used to solve for the present value of a perpetuity is given below;

Present value of a perpetuity (PV) = PMT/r

Where;

PMT represents the payment amount.
r represents the annual interest rate.

3 0

3 years ago

Most people recognize Crayola as a brand of crayon, but Crayola also markets paints, chalk, pencils, markers, toys, coloring boo

sasho [114]

I think the answer is B

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4 years ago

Suppose your firm receives a $ 3.2 million order on the last day of the year. You fill the order with $ 1.7 million worth of inv

klio [65]

Answer and Explanation:

The consequences of given transactions are as follows

a. Revenues rise by $3.2 million as the firm received an order

b. Earnings rise by $1.5 million as the firm received an order and it filled by an orders i,e ($3.2 - $1.7)

c. Receivables rise by $1.80 million as it determines the remaining balance which ultimately increased the receivable balance

d. Inventory declined by $1.7 million as the order is filled which ultimately declines the stock

e. The cash would rise by $1.4 million

= Earnings - receivable + inventory

= $1.5 million - $1.80 million + $1.7 million

= $1.4 million

4 0

3 years ago